Russia and Turkey hold high-level talks

High-level talks between officials from Russian and Turkey will be held for the first time since the jet crisis, with visits by Turkey’s Deputy Prime Minister Nurettin Canikli and Economy Minister Nihat Zeybekci to Moscow on Tuesday 26 July. The talks aim to increase cooperation in fields such as energy, food, agriculture, tourism, transportation and foreign trade.

The high-level meetings are expected to usher in the new period to come, helping to increase Turkey’s exports of agricultural goods as well as its revenues from tourism and the construction sector.

According to the schedule, the Russian media reported that Canikli and his Russian counterpart Arkady Dvorkovich will first hold inter-committee meetings followed by bilateral meetings.

On the other hand, according to the announcement made by the Ministry of Economic Development of the Russian Federation, Zeybekci and Russian Minister of Economic Development Alexey Ulyukaev will meet to discuss the economic relations between the two countries.

Furthermore, Russian media expects a bilateral meeting to be held between Zeybekci and Russian minister of energy, Alexander Novak.

Meanwhile, Russian Prime Minister Dimity Medvedev on Saturday signed a decree for the continuation of commercial and economic relations with Turkey. The decree for the continuation of mid-term commercial, economic, scientific and cultural collaboration with Turkey until 2019 came into effect, according to a statement the Russian government’s press office released on Saturday.

The statement also suggests that negotiations for the establishment of a common fund to finance investment projects in Russia and Turkey will resume.

Medvedev announced that Russia will lift economic sanctions on Turkey “on a gradual basis.”

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